SteelOrbis has been informed that offers from a producer in Izmir in Turkey’s Aegean region for 5.5 mm drawing quality wire rod have been issued at $570/mt ex-works, while its offers for 20MnB4 grade have been set at $685/mt ex-works.
In addition, the producer’s offers for 5.5 mm drawing quality wire rod are at $585/mt delivered to Istanbul and its offers for 20MnB4 grade are at $700/mt delivered to Istanbul. The offers in question have fallen by $10/mt against the backdrop of the sluggish demand, as compared to the offers seen on Thursday, June 12.
The mill has also reduced its 5.5-16 mm SAE 1010/mesh grade price by $10/mt to $550/mt, while also cutting its 5.5-16 mm SAE 1010/mesh grade-2A price by $10/mt to $545/mt ex-works in Izmir, as compared to June 12.
All the above prices exclude 20 percent VAT and are for cash payments.
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